Plan with clear outlines
In 2015, Belarus to use over $2bn in oil export duties to repay foreign-currency state debt
Belarus’ Finance Minister, Vladimir Amarin, has told the House of Representatives that, in 2015, Belarus’ state budget intends to earn over $2bn via export duties on oil products and customs duties, exporting oil extracted in the country. It will use the money to repay its foreign-currency state debt, both internal and foreign.
Taking into account borrowing opportunities on the global financial market, there are plans to use external finances of about $1bn to honour foreign-currency state debt commitments.
By Igor Stepanov